OUTFRONT Media (NYSE:OUT) EVP Buys $127,245.30 in Stock

OUTFRONT Media Inc. (NYSE:OUT) EVP James Michael Norton purchased 4,130 shares of OUTFRONT Media stock in a transaction dated Thursday, June 11th. The stock was bought at an average price of $30.81 per share, for a total transaction of $127,245.30. Following the completion of the transaction, the executive vice president directly owned 4,130 shares in the company, valued at $127,245.30. The trade was a ? increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

OUTFRONT Media Trading Up 1.1%

Shares of NYSE:OUT traded up $0.33 during midday trading on Thursday, hitting $30.68. The company had a trading volume of 1,678,407 shares, compared to its average volume of 1,472,603. OUTFRONT Media Inc. has a 12 month low of $15.45 and a 12 month high of $34.96. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 3.90. The stock has a market cap of $5.40 billion, a price-to-earnings ratio of 29.21, a PEG ratio of 1.45 and a beta of 1.49. The firm has a fifty day simple moving average of $30.71 and a 200 day simple moving average of $27.16.

OUTFRONT Media (NYSE:OUT) last posted its quarterly earnings results on Thursday, May 7th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.06. OUTFRONT Media had a return on equity of 30.36% and a net margin of 9.98%.The business had revenue of $429.60 million for the quarter, compared to analyst estimates of $431.44 million. During the same period last year, the company earned $0.14 EPS. The firm’s revenue was up 10.0% on a year-over-year basis. On average, analysts predict that OUTFRONT Media Inc. will post 2.12 EPS for the current year.

OUTFRONT Media Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, June 5th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Friday, June 5th. OUTFRONT Media’s dividend payout ratio (DPR) is currently 114.29%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on OUT. TD Cowen restated a “buy” rating and issued a $38.00 price target (up from $32.00) on shares of OUTFRONT Media in a research report on Tuesday, May 12th. Wall Street Zen upgraded OUTFRONT Media from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 30th. Morgan Stanley set a $37.00 target price on OUTFRONT Media in a research note on Friday, May 8th. Barrington Research set a $38.00 target price on OUTFRONT Media in a research note on Tuesday, May 12th. Finally, Zacks Research cut OUTFRONT Media from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.71.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Advisory Services Network LLC acquired a new position in OUTFRONT Media in the third quarter valued at about $29,000. EverSource Wealth Advisors LLC lifted its holdings in shares of OUTFRONT Media by 74.2% in the first quarter. EverSource Wealth Advisors LLC now owns 1,610 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 686 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of OUTFRONT Media by 157.6% in the fourth quarter. Farther Finance Advisors LLC now owns 2,339 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 1,431 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in shares of OUTFRONT Media in the fourth quarter valued at about $71,000. Finally, IFP Advisors Inc lifted its holdings in shares of OUTFRONT Media by 16.5% in the third quarter. IFP Advisors Inc now owns 4,107 shares of the financial services provider’s stock valued at $78,000 after purchasing an additional 582 shares in the last quarter.

About OUTFRONT Media

OUTFRONT Media Inc is a leading out-of-home (OOH) advertising company offering a broad range of billboard, transit and digital display solutions across major urban markets in the United States and Canada. Its portfolio encompasses traditional static billboards, high-resolution digital signage, transit media on buses, trains and taxis, as well as street furniture placements such as bus shelters, kiosks and urban panels. The company partners with brand marketers to deliver high-impact campaigns that engage consumers outside the home environment.

Through an extensive network of assets in key metropolitan areas, OUTFRONT provides advertisers with premium visibility along highways, city streets and transit corridors.